12.06.2014 - China construction vs copper price – something's gotta give
Chinese copper imports tumbled 16% in May. Year to date China is still importing refined copper at a record setting pace – up a whopping 34% over 2013 to 2.1 million tonnes. This at a time when the Chinese economy is expanding at is slowest pace in more than two decades. The mismatch is ascribed to the popularity in credit-starved China of the red metal as collateral in trade financing agreements. But May's sharp drop indicates these deals may be unwinding at a more rapid rate than previously thought...............................................Full Article: Source
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